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Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Summary Of RSU Activity

A summary of our RSU activity for the years ended November 30 follows:

(shares in thousands)			2020						2019						2018
			Shares			Weighted-     average     price			Shares			Weighted- average price			Shares			Weighted- average price
Beginning of year			762			$	57.95		846			$	51.53		534			$	43.24
Granted			296			67.03			258			71.62			556			56.36
Vested			(325)			57.56			(318)			52.08			(226)			44.08
Forfeited			(19)			62.96			(24)			56.78			(18)			48.27
Outstanding—end of year			714			$	61.74		762			$	57.95		846			$	51.53

Assumptions Of Stock Compensation Plans

These fair values were computed using the following range of assumptions for the years ended November 30:

			2020			2019			2018
Risk-free interest rates			0.0 - 0.6%			2.2 - 2.5%			1.7 - 2.9%
Dividend yield			1.8		%	1.5		%	2.0		%
Expected volatility			22.8		%	17.4%			18.4%
Expected lives			7.9 years			7.5 years			7.6 years

These fair values were computed using the following range of assumptions:

Risk-free interest rates			0.85		%
Dividend yield			1.5		%
Expected volatility			21.2		%
Expected lives			5.6 - 6.2 years

Summary Of Stock Option Activity

A summary of our stock option activity for the years ended November 30 follows:

(shares in millions)			2020						2019						2018
			Shares			Weighted-     average     exercise     price			Shares			Weighted- average exercise price			Shares			Weighted- average exercise price
Beginning of year			5.2			$	48.09		7.2			$	41.30		9.6			$	35.96
Granted			0.7			69.31			0.6			73.70			0.8			52.98
Exercised			(1.4)			41.01			(2.6)			35.54			(3.2)			27.64
Outstanding—end of year			4.5			53.56			5.2			48.09			7.2			41.30
Exercisable—end of year			3.2			$	47.76		3.8			$	43.31		5.6			$	38.27

Summary Of Our Stock Options Outstanding And Exercisable

A summary of our stock options outstanding and exercisable at November 30, 2020 follows:

(shares in millions)			Options outstanding									Options exercisable
Range of exercise price			Shares			Weighted- average remaining life (yrs.)			Weighted- average exercise price			Shares			Weighted- average remaining life (yrs.)			Weighted-   average   exercise   price
$23.00 - $37.50			0.5			2.8			$	33.99		0.5			2.8			$	33.99
$37.51 - $56.00			2.7			5.9			48.36			2.5			5.8			47.97
$56.01 - $74.50			1.3			8.9			71.27			0.2			8.3			73.64
			4.5			6.5			$	53.56		3.2			5.6			$	47.76

Schedule of Long-term Performance Plan Activity

A summary of the LTPP award activity for the years ended November 30 follows:

(shares in thousands)			2020						2019						2018
			Shares			Weighted-     average     price			Shares			Weighted- average price			Shares			Weighted- average price
Beginning of year			392			$	57.98		436			$	41.78		440			$	42.16
Granted			130			86.14			136			75.26			172			50.95
Vested			(88)			44.98			(114)			43.20			(120)			37.01
Performance adjustment			(44)			50.95			(66)			44.98			(52)			43.20
Forfeited			(8)			65.68			—			—			(4)			48.71
Outstanding—end of year			382			$	71.20		392			$	57.98		436			$	41.78

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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